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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** MilitiaMan Article: "Completion of the payment of compensation to the State of Kuwait" Quote: "The payment of the last remaining installment of the State of Kuwait’s compensation amounting to (44) million US dollars has been completed..." What is not to like about this? This time it comes from the CBI. The last time it was from experts. I’ll look for the UN and USA for that final decision. Now that payment’s are completed, that fact should usher in the final decision to release in totality Iraq from Chapter VII. As stated it will allow Interconnectivity with internal and external banks.. That will be a day to remember!!! Imo - *** Mnt Goat We know that the CBI reserves is about 100 billion USD even though recent fake news told us it was only 64 billion (figures from the summer). I am hearing from my CBI contact that leaving the dinar at 1450 or even bringing it back to 1200 is NOT an option. The new economy and investors now flocking into Iraq will simply not work with the dinar undervalued. Of course by now we all should realize this and that the dinar has been “artificially” held back now since 2012-2013...we can expect to watch for an early January 2022 reinstatement. All the information I have points in this direction...We, as investors, are just a small part of this event and will share in the wealth since we helped Iraq through hard times by investing in the currency.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** MilitiaMan Article: "Saleh: The Central Bank Has A Comfortable Reserve That Helps It Impose Stability In Exchange Rates" Quote: “the monetary policy of the Central Bank of Iraq has today, a strong foreign reserve tool that can maintain the purchasing power of the Iraqi dinar and face inflationary expectations with a high capacity due to the surplus in the current account of the balance of payments.” What Salih is telling us/them is that they have enough hard currency and foreign currencies to support and defend their exchange rate through open market operations with ease and flexibility. Key word is “OPEN”!!!. Meaning global markets... imo..!
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 The central bank of Iraq has hooked up with all the banks that we can think of around the world. I know people talk about a GCR but that's not what's going on. Ironically enough every currency on this planet Earth is interested in talking to Iraq 's Central Bank...every bank in the world is visiting the CBI right now and talking behind closed doors... *** Pimpy I still think it's going to go up in increments. I still think at the very least they can restore it back to the rate it was prior to this earlier devaluing...our time will come. Right now the people in Iraq they should come first. They need to get away from depending so much on oil. They really need to develop their private sectors... *** MilitiaMan Article: "The Board of Directors of The Arab Monetary Fund will hold its two hundred first meeting on Thursday, December 16, 2021" Quote: "Successful completion of the first-of-its-kind joint experiment of interconnection between the “Bunna” platform for Arab payments and the European Instant Payment Settlement System to carry out instant payment settlement business in multiple currencies" The most important part is the system has been tested successfully and with multiple currencies, imo that includes the Iraqi Dinar. With the amount of news coming out from the AMF and the CBI we can clearly see that the digital transformation is well under way. ...Yes, indeed we are in a great place. *** Kaperoni ...Comparing Kuwait to Iraq...all misdirection. LOL. No, Kuwait has 40 billion in circulation and Iraq has 100 trillion. Do the math, there is no RV. Differing opinions on where we're at, and where we're going. Time will tell - RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Vital Brad I was thinking with the new administration this reset wouldn't happen. I thought it was pushed off and I thought we were out of luck but it actually seems like they'e pushing it even harder. They're pushing it faster...the stage is being set... *** Frank26 Article: "Economist: What the Central Bank has achieved in terms of monetary reserves requires the government to reduce the exchange rate" ...In 2003 the rate was about 4500 to 1. It has been reduced to 1460 and continues to be reduced until they get to 1 to 1. It started as a very large number and it has to be reduced to 1 to 1 ratio. That's what they're doing so they can de-peg from the American dollar and be...1 to 1 on par with it. Now let's go international because we got a lot of people that want to use the Iraqi dinar. The value internationally is going to skyrocket.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Pimpy Article: "The government has boosted the cash reserve by about $10 billion" One of the things that help with the exchange rate is you have to have an abundance of foreign reserves. It was almost depleted. It now received a boost of 10 billion...that's a good thing. A good step forward. We need to keep going...they're getting there. ** Nader From The Mid East Somebody ask me if the money is going to be 1200 instead of 1460 and it's going to stay like that. No. It's going to be maybe between 1000 and 1200 ... yes. But it's going to fluctuate. I think in a couple months because it's going to go up so fast it's going to go up to $1.50. For me, the end of February I think it's going to $1.50 if everything goes smoothly of course, and everything goes right. ** Kaperoni Iraq's central bank's reserves going up to $64 billion is an indication that there's going to be an RV. LOL. No, they needed to raise the reserves to cover the currency in circulation which is over a hundred trillion dinar! ** Walkingstick The Iraqi citizens have to see the new small category notes first, before they are given the new small category notes, and the exchange rate together. IMO what is going to happen soon is that the banks of Iraq are going to show the citizens...the description, the size, colors, the pictures themselves/specimen forms...on television, commercial, in the local newspapers, electronic billboards, at the exchange centers, at the mosques, at the markets, at every bank...now we got to get these samples to the managers/tellers because they got to explain to the citizens now...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Frank26 We've got the education at a different level now. It's faster. It's also more revealing...It's getting louder and deeper on an international scale... They're showing in the last two weeks or so the citizens of Iraq how Iraq is becoming International with their currency. They told them about the new exchange rate. They told them about the new small category notes... ** Nader From The Mid East - United States is still in Iraq. That means the war is still going. Your President didn't declare the end of war...Once the end of war declared is good. Once Kuwait has been paid totally - it's a good thing. Once we are out of Chapter 7 - Right now I cannot sell anything as a salesman because that's the instruction. We can't. We're trying to do business with South Africa, through Turkey, through Kuwait, through Bahrain, through Saudis. We wanna sell to the world...We want to sell a lot of things but we can't because we're in chapter 7. Chapter 7 is stopping us...Me as a business guy I have to buy form Turkey and sell it and it's costing me a lot. I'm making a little but not a lot. Not like my dad used to do or my uncle... ** Pimpy Article: "The Central Bank announces the preparations of a study of the currency structure project and warns against changing the exchange rate" I think the exchange rate is going to go up in increments. That's just my own personal opinion but they seem to be doing a lot more than just preparing for small increments. There's something definitely bigger going on. ** Frank26 Wouldn't it be amazing if they showed them the new small category notes? But first they have to explain to them the new small category notes. They have to explain to the exchange rate changing. Think about it. You barely have an education of maybe 1st grade/2nd grade and they hand you something brand new. A new currency and you're supposed to understand and go about your business? Of course not silly rabbit. That's why the education is so important. Why? Because it must not fail with the citizens of Iraq. ** Breitling Question: "How do you feel about the articles where they say they're almost done paying Kuwait and The IMF giving them another good report. How do you feel about that?" It gets us very very close.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Pimpy I try really hard not to get sucked down that rabbit hole when it goes to the RI or RV. I'm not saying it won't happen, I'm just saying there's too many major things that have to fall into place for that to happen. It was my feeling that we would have them have the rate change in increments. But the very things that I know that need to take place for them to do an RI or an RV are actually playing out... *** Frank26 Article: "The Central Bank is talking about 'returning' the dollar exchange rate to 1200" This article is 100% correct...this is a decrease in the correct direction from Dec 20th to reach 1 to 1...when they say they are lowing the exchange rate and returning the dollar exchange rate to 1200 they're talking about an increase in the value of the Iraqi dinar...back in 2003 the exchange rate of the Iraqi dinar against the American dollar was something like 4500-4800 to 1...five or six years later...it went down to around 3600 to 1. Then two years after...it went to 1460 to 1...[Post 1 of 2]. *** Frank26 ...the point I'm making is that when we arrived it was beyond worthless. As the years have gone by and as we've improved Iraq the value of the Iraqi dinar has gone up...it went down on December 20th [2020] - Why? ...so that they could pay a bunch of bills at a lower rate...The goal is to get it to 1000 to 1. That's why they're telling the citizens we're very close to getting it to 1200 to 1...the smaller that the exchange rate number gets - it's not decrease in the value - it's actually increasing the value of the Iraqi dinar. [Post 2 of 2].
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Frank26 ** PSSSST: ...ANY NEGATIVE HUMANS OUT THERE...BEHOLD: Article quote: "In the face of speculations and warnings posed by international monetary institutions, regarding the Iraqi economy, the Central Bank had accumulated cash reserves of hard currency to 64 billion dollars, which makes it able to influence exchange rates and provide a comfortably stable economic environment."
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Pimpy Article: "Chairman of the Committee of Financial Experts Abdul Basit Turki, revealed on Thursday, that the US Federal Reserve has stopped the automatic deduction from Iraqi oil revenues in favor of Kuwaits compensation" Could it be that we are one step closer to possible RI or RV for the Iraqi dinar? Yes! But as much as this is fun and we want to be happy I want to remind you to stay grounded. Until that money is in your bank account and you can see it in your balance don't celebrate too early...there's nothing wrong with being excited and happy that we might be one step closer to the Iraqi dinar exchange rate changing - Yes! [See Pimpy's Posts in Monday Noontime Opinions - 1:25 PM CST - 12/13/2021] ** Frank26 Equation [ NSCN + NEXR = 2022Bud (wP) to the power of NEXR ] The new small category notes plus the new exchange rate equals the 2022 budget with the concentration factor of the white papers at the power of the new exchange rate. NSCN is the teaching/education in the year 2021. NEXR is at the beginning of the year 2022...what's in the budget of 2022? The new exchange rate. What's in the white papers of the budget of 2022? The new exchange rate...IMO..!
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Pimpy We see so much improvement in Iraq. That's a major plus. The more that country becomes stable, secure, starting to rebuild, foreign investors are coming in, the private sector is being built up, these are all positive steps. You're going to start to see the dinar go up in increments. Now, I'm not saying there's not going to be any RI or RV, that's still possible to me...however, they still rely too much on the sale of oil...until they get away from that we're going to be still stuck in the same boat...hang tight the private sector is being built. Things are moving forward. ** Frank26 Article: "Washington stops the automatic deductions from Iraq oil revenues to compensate Kuwait" I honestly didn't think we were going to be dealing with Kuwait at the end...Kuwait was part of all of this monetary reform...and they had stipulations. 'We want you to pay all your debt back to us.' They have...There are many things coming to a conclusion...concerning the two powerful subjects in Iraq - The Monetary reform that will bring forth the economic reform. That's why you see Kuwait now involved...Because they (along with everybody else in the Middle East) desperately wants to be part of the economic reform of Iraq...to me as an investor in the Iraqi dinar to see Kuwait show up, wow! ...these are markers/telltale signs that it's just getting better and better every day out there in Iraq. There's also a lot of pure BS and outright lies being posted out there in dinarland that I'm not posting..!
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat Article: "ECONOMIST: OIL PRICES WILL RISE TO $100 .. AND THE 2022 BUDGET MUST BE A QUALITATIVE BUDGET THAT MATCHES THE EXPECTED HIGH REVENUES" I will add that if oil prices rise to $100 we may very well see the IQD rate initially at over $5. That would be wonderful, but it will definitely NOT come out at anywhere near that value, even if oil is at $100/bbl. The Goat is dreaming...IMO..! RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat Article: "THE MINISTER OF FINANCE REVEALS THE POSITION OF THE INTERNATIONAL COMMUNITY ON CHANGING THE PRICE OF THE DOLLAR AND PROMISES ABOUT THE 2022 BUDGET" Everything I am hearing and seeing in the news from Iraq is now telling me that there is a very good opportunity to reinstate the dinar in early 2022 with possibly the project to delete the zeros in mid to late December 2021. Yes, it is looking real good..!
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Mnt Goat ARTICLE: "CAN THE DOLLAR EXCHANGE RATE RETURN TO THE PREVIOUS ONE IN THE NEAR FUTURE?" Again economist Antoine is still talking about floating the dinar on the program rate and not reinstating it. Yes, they do realize you can not float the dinar on the program rate just inside Iraq . It must be liberalized and float on the global markets, thus FOREX and other currency exchanges. This is the CBI plan to do this. So, these articles, like this one, are just more rhetoric from economists who do not know the overall long-term plan for the dinar. The long-term however, is now here. ** Holly ...From Iraq News... Kuwait confirms receiving $1.47 billion in war compensation from Iraq ... After 40 days of polling, the announcement of the final results of the Iraqi parliamentary elections The Sadrist bloc topped the final election results by obtaining 73 seats, (My understanding is that Iraq had to finish paying Kuwait before they could revalue - to be article 8 compliant. And now that The Sadrist has been announced as the winner, hopefully Kazemi is being considered.)
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Walkingstick What they educated the citizens about last week was that...Iraq, everything about them is internationally tradable. You should not care...about the value right now. They already know what's going to happen...Iraq is tradable. The currency of Iraq is now tradable. The value will go up soon enough. [Iraq] is International and follows all the International laws, rules and regulations to trade and buy and sell with. Your currency is internationally tradable now. ** Mnt Goat Article: "OFFICIALLY... THE ELECTORAL COMMISSION ANNOUNCES THE FINAL RESULTS TODAY URGENT" Looks like to me they are going to announce the election results today.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Mnt Goat *** Article: "FOREIGN MINISTER: THE MOVEMENT TO FORM THE NEW GOVERNMENT WILL START WITHIN A FEW DAYS" I firmly believe this is the SECURITY and STABILITY they need now to move ahead with the currency reform. Folks...we are almost there…. Get that bottle of Champaign in the frig… The good news just continues and continues…it could not get any better. Except the actual announcement of a significant value increase...! Ron
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Pimpy ** Article: "World Bank: Iraq's Economic Growth is Gradually Recovering" That's good for us - for those of us who hold on to the dinar that's what you want to hear. You want to see recovery in the economy...strong economy means a strong dinar. Strong dinar means a better exchange rate.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 [Questions: When the CBI withdraws most, if not all the 3 zero notes, will these three zero notes be null and void to you and me? Will we be able to go into an American bank and say, 'here's my 25k, I'd like to exchange it for the new exchange rate that the CBI put out'? Is the bank in the United States going to say to you, 'no, those are null and void. They were taken out of circulation.' ] No..! The action is to remove the physical three zeros from circulation - period end of story...that's what they're doing at this very nano second...Mustafa said to the citizens, '...3 zero notes...will coexist with the new small category notes. They will be legal tender.' Why Mustafa? Because...it's going to take a little time maybe up to a year or more to retrieve the "mattress dinars" not just from inside of Iraq but from the whole world. You. *** Sandy Ingram Aricle: Prime Minister Al-Kazemi "My house was the target of a cowardly attack but thanks to God I and those who work with me are in good health..." There has been continued unrest since the elections in October...there are protests over the results. Pro Iranian groups lost seats in parliament and they have threatened unrest. We find this news to be extremely upsetting...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Sandy Ingram Article: "Central Bank of Iraq begins to activate self-management of foreign reserves" Iraq's increase in foreign reserves since the devaluation last December and now the announcement of self-management of foreign reserves all points to a country coming onto the global financial platform...the increase in foreign reserves is a good thing, a really really really good thing... *** Frank26 Question: ["Once this change takes place...have your friends indicated what the time frame on calling in the three zero notes may be? Are we going to have 30 days? 90 days? Maybe a year?"] We don't know. We know that by standard it's usually at least up to a year to coexist. I don't think that is an issue because if it was our friends would have been told already and they haven't...it would be very bad because you think you're the only one that has dinars? Hundreds of counties have dinars in their reserves right now. And what you're going to screw them all over? Iraq is about to become the Mecca of financial currency in the Middle East...they will coexist...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Mnt Goat ** Article: "BAGHDAD SENDS MORE THAN TWO BILLION DINARS IN FINANCIAL DUES TO THE KURDISTAN REGION" So, the CBI sent payments to the Kurdistan region. Remember what I said that if they do this they will have to make these so-called loaded ATMs available to use. How can they use them if they are all filled with the lower of the lower denominations... So there is now a showdown coming. ...are they really going to distribute the lower denominations? We will see..!
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Pimpy ** Article: "Iraq Announces its Imminent Accession To The World Trade Organization" We've been waiting for this. This is big. Once they are in there they really start becoming big players on the international scene...being in the World Trade Organization does nothing but help the economy as well as strengthen the dinar... ** Mnt Goat ** Remember to keep Iraq also in your prayers. We are so close to getting this GIFT but remember this gift is first for the people of Iraq. Then we as steadfast investors deserve to share in the wealth. HAPPY THANKSGIVING to everyone on DinarVets ... May Almighty God bless each one of you and your families ... RON
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Frank26 [Firefly boots-on-the-ground Iraqi TV update] Firefly: We're seeing at the bottom of our TV...the ticker...the CBI governor is saying they will be explaining the new currency and the federal reserves and what the deleting of the zeros means and he is telling us this is good for Iraq's economy. He's says the financial committee along with the central bank of Iraq governor Mustafa and other financial leaders will all be interviewed. And they are going to give more details why the exchange rate needs to be changed...this will be given to us Wednesday. We will watch. We will listen for this. We will give you the report... Frank: This is fantastic because this is literally the final countdown. You are down to just a handful of time...prepare yourself for this coming Wednesday to learn the power of the pros and cons...of what's about to come. ** butterfly Article: "An Iraqi delegation visits Geneva to discuss accession to the World Trade Organization" Quote: "...Iraq is looking forward to ending the file of Iraq’s accession to the World Trade Organization soon, pointing out that “the accession process is complex and contains great and many conditions.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Adam Montana *** ...AS ALWAYS, I'm still here with my finger on the pulse of "all that is Dinar", I'm in constant communication with my contacts, and I can't wait for this to be my last public update! As of now, we don't have any official RV news. This was taken from another site that follows Adam and posts snippets from his remarks. ** Frank26 ** Article: "A financial official determines the possibility of changing the dollar exchange rate in next year's budget" Quote: "The (former) Director of the Financial Supervision Bureau, Salah Nuri, has determined, on Tuesday, the possibility of restoring and considering the previous dollar exchange rate." THE GRADUAL INCREASE IN THE IQD EXCHANGE RATE HAS ALREADY OCCURRED AND THE CBI EDUCATION EXPLAINED IT TO THE CITIZENS...YOU ARE NOW GOING TO BE MOVED TO 1000-1 TO BRING IT BACK TO 1-1.
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 Article: "A financial official determines the possibility of changing the dollar exchange rate in next year's budget" THE GRADUAL INCREASE IN THE IQD EXCHANGE RATE HAS ALREADY OCCURRED AND THE CBI EDUCATION EXPLAINED IT TO THE CITIZENS...YOU ARE NOW GOING TO BE MOVED TO 1000 - 1 TO BRING IT BACK TO 1 - 1...
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Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON ** Pimpy Article: "The UN Security Council: We support the independence, sovereignty and territorial integrity of Iraq" This is big. One of the biggest steps towards Iraq being able to really truly revalue their currency is they have to be a sovereign nation. The reason why their currency was devalued was out of punishment so once they're recognized as a sovereign nation again they're...able to make their own decision without asking for permission... ** Walkingstick and Frank26 You're going to be loaded for bear every day from now on. The final countdown is very loud. The final countdown is in place. But more specifically and this is really powerful, monetary reform final countdown is in motion. Mustafa and Neil Armstrong both have something in common - Neil Armstrong took a step for all mankind. Mustafa and Kazemi are about to take a step for their mankind, the citizens of Iraq. ** Frank26 Question: "When will the small notes be distributed?" When they distribute the dinar that's the day that it happens...I have no answer for you. I don't know when they will be distributed but I do know that they've already shown them the example of what they used to use back in the 40's and told them you're you're now going to use the same thing pretty soon so make sure you understand Iraqi citizens what we're doing...
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Wednesday Early Morning Opinions @ 9:40 AM CST - 11/17/2021
ronscarpa posted a topic in Dinar Rumors
Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... RON *** Frank26 [Firefly boots-on-the-ground Iraqi TV update] FIREFLY: Kazami advisor on news saying Iraq's final payment to Kuwait at $600 million and that will complete Iraq's compensation and lead Iraq back to the international community. This will be paid in full early 2022 thus releasing Iraq from the official article 7 making acceptance for Iraq. *** Militiaman A lot of things are pointing toward a digital transformation is coming and from what we're hearing the citizens have been educated. We get wind from boots-on-the-ground that in fact that's the case - that there is shortages of currency...citizens are getting larger amounts of larger notes as apposed to the smaller ones...that is very telling situation at this stage of the game...we've heard today that the news about them talking about going back to the 'glory days' is being broadcasted on TV and has been and we get that from a very credible source... *** Pimpy The rate change is still being talked about... Article: "The Iraqi government justifies the reason for adopting a new exchange rate for the dollar" ...going through explaining why it is they devalued the Iraqi dinar...we all know and I said this that whenever they devalue the dollar it always affects the poor because it goes less purchasing power and that's the thing they keep focusing on here...
